LEAD.TO vs. MEQT.TO
LEAD.TO (Evolve Future Leadership Fund) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. Both are actively managed. Over the past year, LEAD.TO returned -3.93% vs 25.37% for MEQT.TO. At a 0.34 correlation, their price movements are largely independent. LEAD.TO charges 0.92%/yr vs 0.17%/yr for MEQT.TO.
Performance
LEAD.TO vs. MEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LEAD.TO achieves a -4.13% return, which is significantly lower than MEQT.TO's 12.84% return.
LEAD.TO
- 1D
- -1.14%
- 1M
- 1.87%
- 6M
- -0.68%
- YTD
- -4.13%
- 1Y
- -3.93%
- 3Y*
- 18.17%
- 5Y*
- 5.58%
- 10Y*
- —
- ALL TIME*
- 8.63%
MEQT.TO
- 1D
- 0.41%
- 1M
- -0.50%
- 6M
- 9.54%
- YTD
- 12.84%
- 1Y
- 25.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.33K | CA$6.18K | CA$7.84K | |
| CA$113.85K | CA$172.34K | CA$176.09K |
LEAD.TO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LEAD.TO Evolve Future Leadership Fund | -4.13% | 12.13% | 38.23% | 7.23% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 12.84% | 21.31% | 25.87% | 2.36% |
Correlation
The correlation between LEAD.TO and MEQT.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.34 |
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Return for Risk
LEAD.TO vs. MEQT.TO — Risk / Return Rank
LEAD.TO
MEQT.TO
LEAD.TO vs. MEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Future Leadership Fund (LEAD.TO) and Mackenzie All-Equity Allocation ETF (MEQT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LEAD.TO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.32 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.33 | 13.57 | -13.89 |
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Drawdowns
LEAD.TO vs. MEQT.TO - Drawdown Comparison
The maximum LEAD.TO drawdown since its inception was -39.80%, which is greater than MEQT.TO's maximum drawdown of -15.14%. Use the drawdown chart below to compare losses from any high point for LEAD.TO and MEQT.TO.
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Drawdown Indicators
| LEAD.TO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -15.14% | -24.66% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -7.68% | -14.97% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.80% | — | — |
Current DrawdownCurrent decline from peak | -9.30% | -2.25% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -1.29% | -12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 1.87% | +8.25% |
Volatility
LEAD.TO vs. MEQT.TO - Volatility Comparison
Evolve Future Leadership Fund (LEAD.TO) has a higher volatility of 5.40% compared to Mackenzie All-Equity Allocation ETF (MEQT.TO) at 3.43%. This indicates that LEAD.TO's price experiences larger fluctuations and is considered to be riskier than MEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEAD.TO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 3.43% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 10.14% | +4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 12.00% | +6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 12.04% | +9.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 12.04% | +8.98% |
LEAD.TO vs. MEQT.TO - Expense Ratio Comparison
LEAD.TO has a 0.92% expense ratio, which is higher than MEQT.TO's 0.17% expense ratio.
Dividends
LEAD.TO vs. MEQT.TO - Dividend Comparison
LEAD.TO's dividend yield for the trailing twelve months is around 11.67%, more than MEQT.TO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LEAD.TO Evolve Future Leadership Fund | 11.67% | 9.21% | 5.84% | 7.25% | 9.02% | 5.44% | 1.48% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.47% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEAD.TO and MEQT.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.92% for LEAD.TO.
They also come from different issuers: Evolve Funds Group Inc. and Mackenzie Investments. Their fees differ too: 0.92% for LEAD.TO and 0.17% for MEQT.TO.
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